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What type of derivative is each of the following? a. You purchase homeowners insurance for your house. b. You are a 17-year-old evaluating possible college

What type of derivative is each of the following? a. You purchase homeowners insurance for your house. b. You are a 17-year-old evaluating possible college choices. One school promises that if you enroll, it will guarantee your tuition rate for the next four years. c. If you buy a full-price dinner at a restaurant, you get half off on a second dinner.

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